With respect to land, a contract between a tenant and an owner that sets forth the term of the
occupancy, amount of the rent and the conditions that the tenant must abide by to possess and use
the property. With respect to personal property or equipment, a contract for the rental of that item
that provides for the term of the rental, the cost of the rental and other terms and conditions of the
rental. With respect to a lease to own, a method of financing the purchase of property.